This Secret Retirement Cost Could DELAY Your Retirement By 3+ Years Artwork

The Financial Harmony™ Podcast

The Financial Harmony™ Podcast with Dr. Preston Cherry blends real financial strategy, retirement planning, and money psychology for people who want clarity without chaos. Hosted by Dr. Cherry, CFP®, Ph.D., and financial therapist, the show delivers grounded insights on investing, taxes, and aligning money with life.

Each week, Dr. Cherry shares clear, grounded insights on retirement planning, investing, tax strategy, and decision-making, alongside honest conversations about money behavior, identity, and well-being.

This show helps you reduce financial stress, make confident decisions, and align your money with the life you want to live. You’ll learn how to invest smarter, spend without guilt, and build wealth that reflects your values, not just your numbers.

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The Financial Harmony™ Podcast

This Secret Retirement Cost Could DELAY Your Retirement By 3+ Years

September 17, 2025 • Dr. Preston Cherry

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Take the Gen X Retirement Readiness Quiz 🚨 https://concurrentfp.typeform.com/genx-scorecard
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Healthcare is the sleeper cost that can quietly delay retirement by 3+ years. In this episode, Dr. Preston Cherry (Financial Planning Ph.D., CFP®, Top 10 Investopedia Advisor, Founder of Concurrent Wealth Management) breaks down the real price of healthcare in retirement - and how to plan for it before it hijacks your date.

Fidelity’s 2025 estimate puts a 65-year-old’s average lifetime healthcare spend at ~$172,500 after tax (up ~4% YoY), and MarketWatch notes it’s more than doubled since the early 2000s. Meanwhile, Advisor Perspectives highlights Gen X confidence gaps and competing pressures that make this easy to overlook. This video turns those numbers into a clear plan you can use now.

This isn’t about fear. It’s about building a healthcare-aware retirement plan - so your life drives your money, not the other way around.

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What You’ll Learn in This Video 👇
✅ The hidden line items Medicare doesn’t cover (dental, vision, LTC) and why premiums/deductibles still matter
✅ The $172,500 reality: why healthcare inflation outpaces wages/savings - and how to budget it proactively
✅ The costly “62 - 65 bridge”: options (spouse plan, ACA, COBRA, private) and how to avoid subsidy/IRMAA surprises
✅ Five smart Gen X moves: HSA strategy, Roth conversions with IRMAA awareness, catch-ups, stress-testing LTC, annual guardrails
✅ A simple 90-second audit to add a healthcare line to your plan and set annual IRMAA/tax checkpoints
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Who Is This Video For?
📌 Gen X (40s - 50s - early 60s) building a healthcare-aware retirement plan
📌 DIY planners who want clear guardrails (IRMAA/ACA/social security tax interactions)
📌 Couples coordinating pre-Medicare coverage and Social Security timing
📌 Professionals who prefer transparent, values-first planning over guesswork

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Ready for a personalized plan? 👉 Book your FREE retirement readiness call: https://www.concurrentfp.com/

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YouTube: @DrPrestonCherry

Take the Gen X Retirement Readiness Quiz 🚨
https://concurrentfp.typeform.com/genx-scorecard
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